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28 May 2014

Shri Ravi Shankar Prasad assumed the charge of the Ministry of Communications and IT here today. On his arrival at Sanchar Bhawanhe was received by Telecom Secretary Shri MF Farooqui.After assuming charge, he interacted with the officials of the Ministry.

Shri Ravi Shankar Prasad (born 30 August 1954) is a lawyerby profession and represents Bihar in the Rajya Sabha. He is a distinguished senior advocate at the Supreme Court of India. Shri Prasad holds BA Hons, MA (Political Science) and LLB degrees from Patna University. He held the position of Union Minister of State in the Ministry of Coal and Mines, Ministry of Law and Justice and Ministry of Information and Broadcasting during the National Democratic Alliance government under the leadership of Prime Minister Shri Atal Bihari Vajpayee. Shri Prasad has held several national-level assignments in the youth wing and the main party organisation of the BJP. A member of the BJP national executive since 1995, he became a national spokesperson of the BJP in 2006.In 2012, he was re-elected to the Rajya Sabha from Bihar for a consecutive third term.

13 Mar 2014

The Commission has announced General Elections to the 16th Lok Sabha and Legislative Assemblies of Andhra Pradesh, Odisha and Sikkim. Now, the Governor of Arunachal Pradesh vide his order dated 06th March, 2014 has dissolved the 5th Arunachal Pradesh Legislative Assembly with immediate effect. Having Considered all relevant factors, the Commission has decided that simultaneous election to State Legislative Assembly for all 60 Assembly Constituencies of the State would be held along with 16th Lok Sabha Election as per the following Schedule:-

Schedule for General Election to Legislative Assembly

of Arunachal Pradesh

Event

Date

Date of Press Note

1. Issue of Notification

15 March, 2014 ( Saturday )

2. Last date of making Nominations

22 March, 2014 ( Saturday )

3. Scrutiny of Nominations

24 March, 2014 ( Monday )

4. Last date for withdrawal ofCandidatures

26 March, 2014 ( Wednesday)

5. Date of Poll

09 April, 2014 ( Wednesday)

6. Counting of Votes

16 May, 2014 ( Friday )

7. Date beforewhichelectionshall

be completed

28 May, 2014 ( Wednesday)

Election Commission of India

New Delhi, 11 March 2013

6 Mar 2014

The second meeting of India-UAE High Level Joint Task Force on Investments (HLTFI) was held today in Mumbai. The HLTFI, co-chaired by Shri Anand Sharma, Union Minister of Commerce & Industry and Sheikh Hamed bin Zayed Al Nahyan, Chairman of the Abu Dhabi Crown Prince Court, was established in April 2012.

A platform to address mutual issues associated with existing investments between the two countries and to promote and facilitate cross-border investments. More than 30 government and private sector representatives from India and the UAE were present.

The second meeting of the HLTFI made progress on a number of fronts:

1.Discussions were held on supporting the establishment of a strategic petroleum reserve in India in a manner serving the common strategic interests of both countries and based on the principles of long term strategic partnership and cooperation. The decision was taken to establish another joint working group to make progress on this effort;

2.Wide-ranging discussions took place on priority sectors of engagement for channelling investments in the two countries;

3.Discussions took place on expediting the resolution of current pending issues associated with existing UAE investments in India (Etisalat, Emaar & DP World), and a plan of action was agreed for the Legacy Issues sub-working group to address and resolve these issues;

4.Acknowledged TAQA, the Abu Dhabi-based international energy and water company, as the largest private operator of hydroelectric plants in India, following its acquisition, signed on Saturday 1st March, 2014 in New Delhi, of two hydroelectric plants in India. The equity invested by the TAQA-led consortium in the acquisition of the two hydroelectric plants will amount to approximately INR 3,820 crores (USD 616 million), of which 51% is from TAQA.

The consortium will also acquire the assets` non-recourse project debt. The agreement follows the signing of the UAE-India Bilateral Investment Promotion and Protection Agreement in December 2013 and the UAE`s commitment at the last HLTFI meeting to invest USD 2 billion in India`s infrastructure sector.

5.The UAE has invited the Indian companies in the renewable energy area to the UAE to meet with Masdar to discuss potential investments.

The UAE and India are significant trading partners and bilateral trade between the two countries is expected to continue its important growth in years to come. Alongside trade, the HLTFI would seek to achieve a similar growth path for investment with a clear roadmap between the two countries.

Commenting on the 2nd meeting of the HLTFI, Shri Sharma underlined India’s status as a major destination for foreign investments and the opportunities that exist for the UAE, especially in infrastructure areas such as roads and highways, power and utilities, civil aviation, ports, renewable energy, urban infrastructure, etc. and participation through the Infrastructure Debt Funds.

He also highlighted India’s desire to participate in the hydrocarbon sector in the UAE, especially in the upstream petroleum sector. He also mentioned that he sees greater opportunities for UAE investors as strategic partners in India’s growth story.

Sheikh Hamed bin Zayed Al Nahyan said that “today we have advanced the work of the Joint Task Force, and laid the foundation for further mutually beneficial investments and areas of common interest.

We look forward to the ratification of the Bilateral Investment Promotion and Protection Agreement, and the resolution of the outstanding issues identified at our first meeting. Together, our combined efforts will help to further strengthen bilateral trade relations and pave the way for continued strategic dialogue.”

The first meeting of the HLTFI, held in Abu Dhabi in February 2013, resulted in a wide-ranging discussion on matters of mutual interest including the identification of priority sectors of engagement for possible investments in the two countries.

Since then, work conducted by the HLTFI to strengthen and develop bilateral relations in the field of investments culminated in the signing, in December, 2013, of a Bilateral Investment Promotion and Protection Agreement (BIPPA), serving as a platform for promotion and reciprocal legal protection of investments in both countries.

As a result of decisions taken during the inaugural meeting of the HLTFI, several joint working groups have been created to address issues of mutual interest in the following sectors: Infrastructure, Investment & Trade, Energy, Manufacturing & Technology, Aviation, Information and Communication Technology (ICT) and Legacy Issues. At today`s meeting, an action plan was agreed to expedite progress across all these joint working groups.

The next meeting of the UAE – India High Level Joint Task Force on Investments will be held on a mutually agreed date and location.